Brexit helps New York take top finance spot from London: Survey

LONDON: Fallout from Brexit has helped New York overtake London to become the world's pre-eminent financial center, a survey of financial executives by Duff & Phelps showed on Tuesday .

Just over half of respondents now see New York as the world's top financial center, up 10 per cent from 2018, while 36 per cent see London as the leader, down 17 per cent from last year. "Looking ahead, however, globalization’s diffusion of influence begins to be apparent: 12 per cent of respondents expect Hong Kong to be the world’s preeminent financial center five years from now."British government ministers said last week that the UK financial sector would emerge stronger from Brexit.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Exclusive: Walmart to make first direct pitch to big corporate ad buyers at New York eventWalmart Inc will meet large consumer goods companies and advertising firms for the first time in New York next week to pitch its advertising ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

In latest blow to Britain's May, Leadsom resigns over new Brexit approach[LONDON] Prominent Brexit supporter Andrea Leadsom resigned from British Prime Minister Theresa May's cabinet on Wednesday, saying she could no longer support the government's approach after Mrs May's latest gambit to pass her Brexit deal backfired. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »